
• Reported GAAP EPS of $4.90 up 27.27% YoY • Reported revenue of $466.71M up 10.23% YoY
Bullish
Kinsale Capital Group's net income increased 26.1% and underwriting income rose 40.1% due to lower catastrophe losses and higher investment income. Favorable loss reserve development and share repurchases also contributed.
Bearish
Kinsale Capital Group experienced a 0.5% decrease in gross written premiums due to competition in Commercial Property, an $8.4 million loss in equity securities' fair value, and faces a $140.0 million legal contingency.